Under Regulation Crowdfunding, a company can legally raise a maximum of $5M within 12 months. Companies may also set a lower funding goal to avoid extra legal work.
Occasionally, we may experience high demand for our Community Rounds, which can result in oversubscription. To ensure fairness, most raises will operate on a first-come, first-served basis for investments. Please note that adding to your existing investment does not reset your position in the queue. Instead, the additional amount is treated as a new investment and is subject to its own place in line. Consequently, it is possible that your initial investment will be accepted, but the additional amount may not be.
We regret to inform you that we are unable to provide updates on your position in the queue or confirm whether your investment, including any add-on amounts, has been accepted prior to oversubscription. Our closing team will notify you via email once the Community Round has been finalized and your investment has been approved or declined.
You may be wondering why we continue to allow investors to add funds even after we have reached capacity. This is because some investors may decide to cancel their investment before the closing, thereby freeing up a spot for the next person in line. Additionally, if an investor has incomplete action items in their portfolio, their investment will be canceled, and the spot will be given to the next person in line.